The B.C. Ministry of Finance has released a White Paper which sets out policy recommendations and proposed draft legislation for a new and more modern “Society Act” in British Columbia, which governs not-for-profit organizations in B.C. The consultation process to amend the current legislation began in 2009.
There are approximately 27,000 societies in B.C. that are currently governed by the Society Act. The Ministry is seeking feedback on the White Paper and the deadline to provide comments is October 15, 2014. You can visit the Ministry's web site for more information on the White Paper at www.fin.gov.bc.ca
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